This statement is completely the opposite! Listen to the issues the AG’s office found in the [VIDEO] Attorney General Conway Files Suit Against “MERS” In Foreclosure Investigation

MERS-

“There is no merit to the allegations leveled at MERS by Kentucky Attorney General Jack Conway in today’s news conference. All MERS mortgages are registered in the local land records and all recording fees are properly paid. The MERS® System’s role in the mortgage industry has reduced chain of title issues, provided efficiencies through e-commerce, and resulted in lower mortgage borrowing costs. Our business model is straightforward and transparent, and MERS role is clearly spelled out in the contract between borrower and lender. MERS® System data is not used by servicers to make loan modification, refinance or foreclosure decisions.

[MERS]

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